Tesla forms panel to gauge taking company private

Musk said that the Saudi Arabian sovereign wealth fund "has approached me multiple times" starting in early 2017 about taking Tesla private and had already taken a stake of almost five percent though share purchases.

Citing two people familiar with the internal response to Musk's August 7 tweet, The Times said the Tesla CEO had sent that tweet "with little forethought".

Musk's effort to associate his potential bid with some of Wall Street's most venerable institutions, even at the risk of misrepresenting their involvement, comes as pressure has been building on him to justify his pronouncement last week about the "secured" funding.

Koepka joins elite company, wins the PGA ChampionshipHis best shot over a final round of 4-under 66 was a lasered 4-iron to the 16th green that landed 6 feet away and set up a birdie. The pre-round frenzy only intensified on Woods' opening stretch, with a birdie on No. 2 getting his charge going.

The Securities and Exchange Commission has inquired about Musk's claims, which, if found to be untrue, could cause greater problems for Tesla chief executive. Musk said his decision to announce his negotiations publicly was in the interest of all investors, as it wouldn't have been fair to only tell the largest share holders.

The shares were last down 1.4 percent at $351.34 on Tuesday.

On Monday, he attempted to justify his position saying that he had met the Saudi sovereign wealth fund after it bought a 5% stake in the company.

The board has given the committee authority to act on its behalf, including negotiating a deal to take Tesla private. In his proposal, existing shareholders could remain as they are in a private Tesla, or agree to the buyout amount per share.

He said the Saudi sovereign fund has recently purchased nearly 5 percent of the Silicon Valley-based electric auto maker's stocks on the public markets, and that the fund's managing director "strongly expressed his support for funding a going private transaction for Tesla at this time".

Asked about the outcome of the special committee, analyst Chaim Siegel at Elazar Advisors said, "This is not easy. I hope nothing - so the stock can trade and benefit from the earnings inflection", he said, referring to a promise by Musk the company would turn profitable later this year. Musk allegedly admitted that he "was angry at the company's critics".

The board said the committee's members are Brad Buss, Robyn Denholm and Linda Johnson Rice, and that it has hired Latham & Watkins LLP as the committee's legal counsel.

NASA set to launch Sun probe on SaturdayThis is a rough analogy for the Sun's corona, the rarefied halo of plasma that extends millions of miles beyond the Sun's surface. The PSP's primary goal is to trace the energy flow through the solar corona, with an eye toward solar wind acceleration.

Embattled electric vehicle manufacturer Tesla racked up its third class-action suit, filed today in California's Northern District Court, stemming from freaky and potentially unfounded tweets sent last week by CEO Elon Musk.

Beijing, accusing the United States of trade bullying, has retaliated by imposing tariffs on an equal measure of American goods. On Tuesday, US officials said they would slap 25 percent levies on another $16 billion worth of Chinese imports from August 23.

England lead the current five-match series 1-0 after a 31-run victory in the first Test at Edgbaston last week. Bowling conditions should be favourable today, but there might only be an hour or two of play.

Argentina's Senate rejected a bill that would have legalised elective abortion for pregnancies of up to 14 weeks. Despite the strict abortion ban, hundreds of thousands of women in Argentina are still having abortions.

Omarosa claims to have multiple recordings of her time in the White House , but numerous claims she has made are unverifiable. Trump later tweeted that Manigault Newman has a "fully signed Non-Disclosure Agreement!" I would rarely see her but heard....

Previous year at LSU , Guice was hampered by a hyperextended knee, limiting his snaps and forcing him to miss a game. Washington Redskins running back Derrius Guice left the game after going down with an apparent injury.

Epic probably thinks that having the most popular game in the world gives it enough reach to go its own way. Epic Games and Samsung also provided a list of devices that will be compatible with Fortnite Beta.

Callaway, the Browns' fourth-round pick, played despite being cited for marijuana possession and driving with a suspended license. Mayfield finished a stellar evening 11-of-20 for 212 yards and two touchdowns.

Turkey promises to calm market jitters over lira nosedive
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Official debuts for new Liverpool signings
The Hammers come to Liverpool hoping to improve on their 13th-place finish in the 2017-2018 season. Last season there's no doubt Jurgen Klopp's side made some massive strides of improvement.

Look Up! Perseid Meteor Shower To Light Up The Sky
The Perseid Meteor Shower makes its annual display from July 17th - 24th; however, the shower's peak falls on August 12 - 13th. Friday early night may end up being our best viewing due to weather . "You really have to get out in the country", he said .

US Announces Latest China Tariffs
Administration officials believe that the US$505b Americans spend on Chinese products each year gives them leverage over China. As Upstream went to press, the ministry announced a 25% tariff on a $16 billion-worth of U.S. goods including crude oil .

Samsung Galaxy Note 9 to be released on August 24
You'd think that would be enough on-board storage, but you can double that up to 1TB thanks to a microSD slot that supports 512GB. The Galaxy Note 9 also comes pre-loaded with Samsung apps like Samsung Health, Samsung Pay, and the Knox security platform.

Turkish lira tumbles to fresh low
The lira extended its losses to trade at 6.2 to the dollar, a loss of 11.5 percent on Friday. Financial upheaval risks further destabilizing an already volatile region.

The Russian ruble is getting slammed amid USA sanctions
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Arsenal v Manchester City
It's clear that Emery has attempted to instil a new philosophy at the Emirates and that has clearly started from the goalkeeper. Lehmann was part of Wenger's coaching staff past year but was let go as part of the backroom changes.